2017-057 Resolution - Laserfiche WebLink

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NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA, AND STATE OF OHIO: SECTION l: That a Job Creation Grant be awarded to CommutAir for a ten (10) year period beginning in the year 2017 which would pay CommutAir the following percentages of gross City of North Olmsted income taxes withheld by CommutAir for its employees located in the City: For the calendar years 2017 and 2018, the grant percentage shall be 50% of all City income taxes collected by the Company at the Site on payrolls in excess of the minimum annual payroll. For calendar years 2019 through 2026, the grant percentage shall be 40% of all City income taxes collected by the Company at the Site on payrolls in excess of the minimum annual payroll. SECTION 2: That the Mayor be and is hereby authorized to enter into a Job Creation Grant Agreement with CommutAir consistent with the grant awarded in Section 1 of this legislation and with the provisions of Chapter 174 ("Job Creation Grant Program") of the North Olmsted Administrative Code. Said agreement shall be in a form and substance that is not substantially adverse to the City and which is approved by the Director of Law. The character of any such contract as not being substantially adverse to the City shall be evidenced conclusively by the execution of the contract by the Mayor and the approval of the contract by the Director of Law. SECTION 3: That this Resolution is hereby declared to be an emergency measure immediately necessary for the preservation of the public health, safety, and welfare, and for the further reason it is necessary that this legislation go into effect immediately in order to effectively retain and grow this quality business in the City of North Olmsted before business opportunities are offered to it elsewhere, and further, provided it receives the affirmative vote of two-thirds of all members of the Council, it shall take effect and be in force immediately upon its passage and approval by the Mayor. PASSED: SC r-ML(�- r First Reading: Second Reading. - Third Reading: 5✓ md6 Committee.,:nG�<< ATTES /ftt CHARLES MASSAROLO II Clerk of Council APPROVED: I - S 1-I 07 - MAYOR KEVIN M. KENNEDY Director of Law 2 NICOLE DAILEYJO Y President of Counci APPROVED AS TO LEGAL FORM /s/ Michael R. Gareau, Jr. MICHAEL R. GAREA U, JR.